| <p>Indoco Remedies Limited announced that its Committee of Executive Directors has approved the incorporation of a wholly owned subsidiary, Warren Lifesciences Private Limited, for which name approval has been received from the Registrar of Companies, Mumbai. The new company, to be incorporated in India, will operate in the pharmaceutical sector and intends to manufacture, develop, and sell pharmaceutical products including active pharmaceutical ingredients, finished formulations, and key starting materials, with Indoco Remedies Limited holding 100% shareholding and an authorized and paid-up equity share capital of Rs 1,00,000 divided into 10,000 equity shares of Rs 10 each.</p> |